Kozak & Associates Inc. Has $100,000 Stock Holdings in Energy Transfer LP (NYSE:ET)

Kozak & Associates Inc. increased its stake in shares of Energy Transfer LP (NYSE:ET) by 69.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,117 shares of the pipeline company’s stock after buying an additional 2,100 shares during the period. Kozak & Associates Inc.’s holdings in Energy Transfer were worth $100,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortis Capital Management LLC raised its position in shares of Energy Transfer by 2.0% during the third quarter. Fortis Capital Management LLC now owns 31,956 shares of the pipeline company’s stock worth $513,000 after purchasing an additional 634 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Energy Transfer by 65.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 650 shares during the last quarter. Haverford Trust Co boosted its stake in Energy Transfer by 0.7% during the 3rd quarter. Haverford Trust Co now owns 102,176 shares of the pipeline company’s stock valued at $1,640,000 after purchasing an additional 675 shares during the last quarter. Veracity Capital LLC raised its stake in shares of Energy Transfer by 2.0% in the third quarter. Veracity Capital LLC now owns 34,255 shares of the pipeline company’s stock worth $550,000 after purchasing an additional 680 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of Energy Transfer by 2.3% in the third quarter. Fidelis Capital Partners LLC now owns 31,858 shares of the pipeline company’s stock valued at $522,000 after purchasing an additional 709 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ET shares. The Goldman Sachs Group increased their price target on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays boosted their target price on shares of Energy Transfer from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group lifted their price target on Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Bank of America began coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.55.

Energy Transfer Trading Down 0.1 %

Shares of Energy Transfer stock traded down $0.02 during trading on Monday, hitting $19.62. The stock had a trading volume of 5,909,571 shares, compared to its average volume of 16,125,600. The stock has a market cap of $67.18 billion, a PE ratio of 14.43, a PEG ratio of 0.63 and a beta of 1.70. Energy Transfer LP has a 12 month low of $13.60 and a 12 month high of $20.02. The firm’s fifty day simple moving average is $18.41 and its 200-day simple moving average is $16.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. As a group, sell-side analysts expect that Energy Transfer LP will post 1.32 EPS for the current fiscal year.

Energy Transfer Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were issued a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a dividend yield of 6.57%. The ex-dividend date was Friday, November 8th. Energy Transfer’s dividend payout ratio is currently 94.85%.

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.